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Foreclosure Rate Drops to New Post-Crisis Low

According to CoreLogic National Foreclosure Report, approximately .4% of Tennessee Mortgages are in foreclosure. In 2008, during the height of the crisis in Tennessee, 1.7% (average) of homes were in foreclosure. Shelby, Hamilton, and Davidson Counties were hardest hit by the crisis.

Many factors have played a roll in the nationwide recovery. Presently, only 3% of homes nationwide are in seriously delinquency and only 1.1% are actually in foreclosure. June 2016 is the 54th consecutive month with year over year decline in the foreclosure rate.

 

Foreclosure graphic

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